The exciting options that continue to emerge in the point of sale marketplace have turned the heads of many small business owners. Just think: you can now have the same data analytics, processing power, and cloud-based technologies that were previously obtainable only by cash-rich corporations. But how much can you afford? And how much technology is too much technology for your current business size and revenue?
Developing a full understanding of what the point of sale software cost is for your business requirements means examining multiple POS price points. This shortlist of items illustrates what can be expected of the three most common pricing points. These price points will guide you in making the best determination for your business needs. They will also set you up for future success through the implementation of a growth-flexible POS platform.
Starter POS Solutions Helps You to Leap Out Ahead
Entrepreneurs who operate small retail stores, cafes, or any other type of smaller, local business will probably do best with a starter-level POS platform that offers basic, high-tech POS features. This level of options can be had for a small fraction of the price of a full-blown POS solution, while still providing the next-gen functionalities needed to run an efficient and profitable business.
The functions that come with this level of POS solution will provide you with basic order management and reporting functionality. Inventory tracking and a deeper level of control can be built with product variations and modifiers in mind. Accurate cash drawer management, including full or partial refund management, and the ability to track customer histories will also be included. A solution of this level is ideal for businesses with five or fewer employees, and with less than 100 offered products.
- Typical price point: $29 per month, plus $29 per month per additional device.
Many Standard POS Platforms Fit the Bill for the Majority of Businesses
Larger or more established businesses, such as mid-sized retail stores or busy bars and restaurants, need a little more punch in the POS solutions they choose. As a mid-tier business owner, you need to get more granular in managing all aspects of your business. You also need a better way to manage a growing staff with more-diverse hardware options. As your time is in higher demand, you want the ability to monitor everything from a dashboard view within an app, as well as automation options.
Mid-sized retailers can utilize all of the features of a basic POS solution, but with some additional features. In addition to managing refunds, completing exchanges and the issuance of store credit can now be added to your customer service toolkit as well. The ability to establish house accounts for regular customers allows you to personalize promotions, with automatic discounts being triggered on favorite items.
Restaurants gain production and customer service boosting elements as well using this higher level of POS platform. Hardware can be upgraded to include order printing for your kitchen, cutting down on mistakes when filling orders. Inventory can be broken down into ounces or pounds instead of containers, giving you the ability to maximize your inventory. House accounts and store credit can be used here as well, which is especially useful for promotional purposes.
- Typical price point: $69 per month for the first device; $29 per month per additional device.
Does it Make Sense to Use a Premium Level POS Solution to Streamline Processes?
Premium-level POS systems are very well suited for those of you running multiple locations, full-service restaurants, or are in the salon or spa industries. Those running a salon or spa can utilize modern online appointment booking through an app. This, when combined with interactive, app-based staff scheduling, makes appointment scheduling transparent and easy, and reduces the need for you to have a dedicated staff member sitting on the phones.
Multi-location businesses, such as small retail boutique chains and QSRs, can reap the benefits of this advanced POS technology. Purchase orders can be automatically generated based on established inventory alerts. Product trends can be monitored in near real-time, allowing you to quickly initiate a stock-take sale, or a buy one get one deal, to clear out lagging inventory. Accurate tracking of physical and digital gift cards make the purchase and use of these a pleasing experience for your customers.
The unique operational nature of restaurants has not gone unnoticed when it comes to advanced POS technology. A cutting-edge POS platform will give your diners the ability to make online table reservations and to even request their favorite server. Your processes can be streamlined by the use of features that are unique to the restaurant industry. Splitting checks by chair, automatic gratuity for large parties, automatically managed coursing guidelines, and online ordering all serve to bolster the image of your restaurant’s brand.
- Typical price point: $99 per month for the first device; $29 per month per additional device.
- Need even more? Contact your POS provider about additional options and customizations.
Let talech Provide In-Depth Point of Sale Software Cost and Feature Analysis
While you may know where you stand today, it is likely that your business is sandwiched in between two of the three above options. Decoding where in this gray area you fall, as well as how features and functions can be customized for your use, is what our consultants stand ready to help you accomplish. Our competitive pricing and industry distinctive plans can serve as a robust guide to help you achieve your POS solution goals.
Sorting out the best balance between functionality and pricing is something that talech stands ready to assist you with. We offer you an in-depth analysis of your business so that we can, in turn, recommend a solution that will improve how you operate to level the competitive playing field. The cutting-edge POS technology that you acquire will improve the experience of your customers while reducing the stress of daily processes on you and your staff. Contact us today and to learn more about what talech can deliver to your business.
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